Turning over the tax reduction ledger , the tax burden has been reduced, and the momentum for innov

Mondo Finance Updated on 2024-01-30

People's Daily reporter Che Kemeng.

We will continue to reduce or exempt VAT for small-scale taxpayers, optimize the policy of additional deduction of R&D expenses, and ...... additional deduction of VAT for advanced manufacturing enterprisesSince the beginning of this year, China has continued, optimized and improved nearly 70 preferential tax policies in batches, effectively stimulating the vitality of business entities and enhancing the momentum of innovation and development.

The cash flow is more sufficient" The tax policy promotes the transformation and development of the industry.

A bundle of carbon fiber tows with a width of only about 1cm is composed of about 2,500 monofilaments, and the carbon fiber, which is as thin as a hair, has a carbon content of more than 90%, is 7 to 8 times stronger than ordinary steel, and weighs only a quarter of it, and also has the characteristics of high temperature resistance and corrosion resistance, ......At this year's China Textile New Materials High-quality Development Conference, Song Dewu, Secretary of the Party Committee and Chairman of Jilin Chemical Fiber Group, said in an interview with a reporter from People's Daily Online.

The chemical fiber industry is one of the main pillar industries of Jilin City's economic development. However, the use of ordinary chemical fiber products is large, but the profit is low and the income is small, and it is easy to fall into the first warAlthough the profit of high-end chemical fiber materials is high, the technical threshold is also very high. To achieve high-quality development of the industry, increasing scientific research is the key, and increasing R&D investment is inseparable from capital flow.

In the production workshop of Jilin Chemical Fiber, the snow-white precursor is transformed into a dark carbon fiber at a high temperature of more than 1,000 degrees Celsius. Photo courtesy of the interviewee.

Tax reduction and exemption make the cash flow of enterprises more sufficient, and more funds can be used for independent research and development and equipment renewal, focusing on breaking through technical bottlenecks, and using all policy dividends for development, so as to provide a strong guarantee for enterprises to improve their core competitiveness. Song Dewu said.

In the company's "tax reduction account" in 2023 shown by Song Dewu to reporters, in 2023, the group will enjoy tax incentives such as tax reductions and fee reductions1300 million yuan, 24.4 billion yuan, incremental tax refund 1$2.6 billion.

Under the release of policy dividends such as tax cuts and fee reductions, many traditional manufacturing enterprises, like Jilin Chemical Fiber Group, have accelerated technology research and development to achieve a butterfly leap from "following" to "running" and "leading".

The tax burden has been reduced" policy dividends empower enterprises to innovate and develop.

All the way to the south, in Hunan, benefiting from the tax support policy, specialized and new "little giant" enterprises are running out of "acceleration".

On September 23, the 19th Asian Games opened in Hangzhou, and the opening ceremony was full of Chinese-style audio-visual feasts that intoxicated the global audience. On the stage of the opening ceremony, the 5,000-square-meter floor tile screen perfectly showed the stage elements of the three chapters of the opening ceremony, bringing an excellent visual experience to the audience at the scene and in front of the TV.

In the floor tile screen, there are 2,000 square meters from Changsha City, Hunan Province, a specialized and new "little giant" enterprise - New Yasheng Optoelectronics. In June this year, the company's first batch of technical personnel stationed at the project site, and after 107 days of perseverance, the floor tile screen was successfully delivered and the opening ceremony of the Asian Games was "shined".

In the product line of the new Yasheng Optoelectronics, workers are assembling and installing the wiring. Photo courtesy of the interviewee.

Growing into a 'leader' in the field of segmentation is inseparable from the continuous care of the state's preferential tax policies. Zhou Hui, deputy general manager of the company and head of the financial center, told reporters that since the beginning of this year, the company's export tax rebates totaled 18.31 million yuan, enjoyed an additional deduction of 7.63 million yuan for R & D expenses, and 4.2 million yuan for high-tech enterprise income tax reduction.

With the support of preferential tax policies, many specialized and new "little giant" enterprises like New Yasheng Optoelectronics are focusing on their main business, intensive cultivation, upgrading and transformation, and embarking on a professional, refined and characteristic development path.

Super 1The 6 trillion yuan tax dividend "pocket" policy is more accurate and effective.

According to the data of the State Administration of Taxation, from January to October this year, the country added 1,660.7 billion yuan in tax reductions and fee reductions and tax refunds and deferrals, of which taxpayers in the private economy became the main beneficiaries of preferential tax policies, accounting for nearly 75%;The main body of innovation has benefited significantly, and 40 enterprises have enjoyed the additional deduction policy of R&D expenses in advance in the first three quarters30,000 households.

The recently held 2023 ** Economic Work Conference "set the tone" for next year's macro policy, emphasizing that "active fiscal policies should be moderately strengthened, improved in quality and efficiency". Taxation as an important tool for macroeconomic control, the meeting called for "the implementation of structural tax and fee reduction policies, focusing on supporting scientific and technological innovation and manufacturing development." ”

Different from inclusive and comprehensive tax and fee reductions, structural tax and fee reductions mainly target specific groups or fields and specific taxes to reduce the tax burden. Industry experts believe that the meeting emphasized "focusing on supporting the development of scientific and technological innovation and manufacturing industry", reflecting the precise regulation and control, the pertinence and guidance role is obvious, and the relevant policies will be conducive to enhancing the new momentum of development and promoting high-quality economic development.

In fact, with the successive implementation of a series of tax and fee support policies to support scientific and technological innovation in recent years, a set of tax and fee support policy systems with wide coverage, large preferential measures, and important links of enterprise innovation is providing policy support for the scientific and technological innovation and high-quality development of China's business entities.

Among them, the policy of additional deduction of R&D expenses is one of the important policies to promote innovation-driven development. The more R&D investment enterprises have, the more tax cuts they will have, which is conducive to guiding enterprises to gradually form a virtuous circle of "policy guidance, R&D investment, efficiency improvement, and increased R&D investment".

In recent years, China has continuously optimized the R&D expense deduction policy, and in March this year, the R&D expense deduction ratio of eligible enterprises was uniformly increased from 75% to 100%, and it was implemented as an institutional arrangement for a long time. At the same time, the July prepayment declaration period is added as the time point for policy enjoyment to guide enterprises to increase R&D investment faster and better. The reporter learned from the State Administration of Taxation that in the first three quarters, a total of 4030,000 enterprises enjoy the policy of additional deduction of R&D expenses in advance, which effectively enhances the confidence of enterprises in R&D investment.

Manufacturing is an important force to strengthen the real economy, absorb employment, and promote high-quality economic and social development. In the current tax support policy, a considerable part is closely related to the manufacturing industry.

A few days ago, the Ministry of Finance and the State Administration of Taxation issued the "Notice on the VAT Plus Deduction Policy for Integrated Circuit Enterprises" and the "Announcement on the VAT Plus Credit Policy for Advanced Manufacturing Enterprises", clarifying a series of preferential policies specifically for the manufacturing industry. According to the data, in the first 10 months of this year, the country's new tax cuts and fee reductions and tax refunds and deferrals exceeded 16 trillion yuan, manufacturing and related wholesale and retail trade is the industry with the largest proportion of preferential treatment, the most obvious benefit.

In 2023, the fiscal and taxation policies will always bear in mind the 'great power of the country', and will always support scientific and technological innovation and self-reliance under a tightly balanced fiscal situation, so as to serve the overall development and security, and the construction of a new development pattern." Luo Zhiheng, chief economist of Guangdong Kai**, said in an interview with a reporter from People's Daily Online that policies such as the increase in the proportion of additional deductions for R & D expenses, the refund of value-added tax credits, and the additional deduction of value-added tax for advanced manufacturing industries have effectively improved corporate cash flow and increased corporate profits. This not only improves the ability of enterprises to resist risks, but also intrinsically encourages enterprises to increase research and development, promote scientific and technological innovation, and promote the transformation and upgrading of traditional industries to advanced manufacturing. The development of advanced manufacturing enterprises is conducive to maintaining the stability of the industrial chain, promoting the realization of a higher level of supply and demand cycle, and achieving safer development.

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